Ventura County Community Development Corp. March 2022 Newsletter

March 2022

In March we celebrate Women’s History Month! VCCDC is a woman-led non-profit organization with a majority female workforce. Not only are we run by a group of amazing women, but we also serve amazing women in our community. In fact, 70% of those who take that bold first step in reaching out to VCCDC to achieve the dream of homeownership are female. This month we especially celebrate the women who have contributed to VCCDC’s success including our board, staff, clients, partners, and community members!

We are grateful for our generous partners who are committed to investing in the communities we serve. Thanks to their support we can ensure that VCCDC continues assisting local individuals and families to find a place to call home.

VCCDC has been awarded $94,683 in funding through the Housing Stability Counseling Program (HSCP) administered by NeighborWorks America. This grant is part of the more than $88 million in funding awarded to131 organizations to address foreclosure and eviction prevention counseling efforts in communities throughout the nation and made possible by the American Rescue Plan Act of 2021. The HSC Program aims to help eligible nonprofits and agencies provide direct housing counseling services to individuals and families facing housing instability, such as eviction, foreclosure and homelessness. This funding comes at a critical time for many Americans with the loss of recent eviction protections and moratoria that have expired or are expiring. The focus of this grants allows VCCDC to provide individual counseling for families at the risk of foreclosure in both Ventura and Kern Counties.

As we began our 20^th year in business, 2021 was challenging in more ways than one, and the rise in home prices made it more difficult than ever for low- and moderate-income families to purchase a home of their own. Faced with greater needs, VCCDC rose to the challenge and achieved great things for 1,800+ families and individuals who we served. Take a look at our 2021 impact and help us continue our work in 2022 and beyond!

Attendees will enjoy workshops (a few available in Spanish) on relevant topics for homebuyers and homeowners; networking with industry experts; learning about programs offering more than $100,000 in down payment or closing costs assistance, and participate in fun games with opportunities to win up to $200 in gift cards. New for 2022 is our Virtual Loan Center which will provide conference attendees who are interested borrowers the opportunity to be pre-qualified on the day of event! Save the date for this free virtual event – Saturday, June 25, 2022. More details to follow!

Interested in sponsoring? Contact Sylvia Schnopp at sschnopp@vccdc.org.

WISH Program: The Workforce Initiative Subsidy for Homeownership (WISH) matching grant program from the Federal Home Loan Bank of San Francisco will be back this April! The WISH program offers eligible low- to moderate-income households 4-to-1 matching grants of up to $22,000 that can be applied towards down payment and closing costs for the purchase of a home. WISH grants help working families and individuals move from renting to owning and can complement or supplement many local, state, and federal homeownership programs and initiatives. Funds cannot be reserved and they exhaust quickly so contact us today!

The Hope to Home – Ventura County Program: Up to $23,000 in down payment assistance is available if you live or wish to buy a home in these Ventura County communities: Ojai, Oak View, Piru, Fillmore, Santa Paula, Port Hueneme, and Moorpark. Hope to Home Program made possible through the County of Ventura CDBG funding. A limited number of these grants are available to qualifying low-and-moderate income families and individuals on a first come, first served basis.

For more information on these and other programs visit www.vccdc.org/lendingor schedule a phone consultation:

Make sure to submit your application to the CA COVID-19 Rent Relief program no later than March 31, 2022. Applications are being reviewed in the order they are received – and households with highest risk of eviction are reviewed first. If you already applied, do not reapply. For more information visit HousingIsKey.com or call 833-430-2122 or get local help with VCCDC by clicking link below:

At VCCDC we are passionate about our mission of empowering families and individuals to build wealth through homeownership and education. We offer a comprehensive benefits package which includes choice of HMO or PPO plan for medical and dental coverage, vision care, and long-term disability insurance, and life insurance. Some medical plans cover the employee cost in full. Other benefits include paid time off and paid holidays. If you are passionate about making a difference in our community we want you on our team!

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Get the information you need to make the best home buying decisions! Learn about credit, budgeting, mortgage loans, homebuying assistance programs, the escrow process, home insurance, and more directly from experts in the field!

Student loan borrowers are scheduled to start making payments on their loans this May after a two-year freeze due to COVID-19 pandemic. Join us to learn about your rights, your repayment options, the Public Service Loan Forgiveness Waiver, and how to spot scams. Guest speaker from the CA Department of Financial Protection & Innovation.

April is Fair Housing Month! Join us to learn about tenant and landlord rights and responsibilities when it comes to fair housing. Get information on state, federal and local laws plus learn about rent increases, repairs, evictions, security deposits, modifications, and accommodations and more! Disponible en español.

Our Mission:

“To strengthen and sustain vibrant communities by empowering and enabling low-to-moderate income individuals and families to build wealth through education and homeownership with a primary focus on serving low-to-moderate income clients”.

All loans subject to approval. Certain conditions & fees apply. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state, or local law or regulation. Rates, terms, fees, products, programs and equity requirements are subject to change without notice. For qualified borrowers only. Down payment assistance available for eligible first time homebuyers, not all applicants will qualify for all sources of down payment. This is not intended as a solicitation if you are currently working with another brokerage. VCCDC is a mortgage broker licensed with the California Dept. of Real Estate #01521885; NMLS #347041